Northwestern Mutual Selects Contractor to Deconstruct East Office Building

Milwaukee, November 21, 2013 – Northwestern Mutual today announced it has selected Veit, a specialty contracting and waste management firm with an office in the Milwaukee area, to serve as project manager for the deconstruction of the company’s east office building in downtown Milwaukee. The deconstruction of the east building is the next phase in the construction of the new 1.1 million-square-foot Northwestern Mutual Tower and Commons.

Veit, headquartered in Minnesota, operates a local office in New Berlin. The firm will partner with Milwaukee-area contractors to perform a variety of functions throughout the deconstruction process.

“We’re excited to execute this important phase of our project and we welcome Veit to help us move forward as we prepare to build the Northwestern Mutual Tower and Commons,” said Scott Wollenzein, Northwestern Mutual facility operations consultant. “We also look forward to providing hundreds of local jobs over the year-long deconstruction process.”

The multi-layered, floor-by-floor deconstruction of the east office building is expected to begin in December and be completed in the fall of 2014. Crews have already begun preparation that includes the installation of construction fencing and scaffolding, initial foundation work and the removal of bushes and trees. Several trees will be transported to and replanted on Northwestern Mutual’s Franklin campus.

Northwestern Mutual is among the "World's Most Admired" life insurance companies in 2013 according to FORTUNE® magazine and has helped clients achieve financial security for more than 156 years. As a mutual company with $1.4 trillion of life insurance protection in force, Northwestern Mutual has no shareholders. The company focuses solely and directly on its clients and seeks to deliver consistent and dependable value to them over time.

Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company and its subsidiaries. Life and disability insurance, annuities, and life insurance with long-term care benefits are issued by The Northwestern Mutual Life Insurance Company, Milwaukee, WI (NM). Long-term care insurance is issued by Northwestern Long Term Care Insurance Company, Milwaukee, WI, (NLTC) a subsidiary of NM. Securities are offered through Northwestern Mutual Investment Services, LLC, (NMIS) a subsidiary of NM, broker-dealer, registered investment adviser, member FINRA and SIPC. Fiduciary and fee-based financial planning services are offered through Northwestern Mutual Wealth Management Company® (NMWMC), Milwaukee, WI, a subsidiary of NM and a federal savings bank. Products and services referenced are offered and sold only by appropriately appointed and licensed entities and financial advisors. Not all products and services are available in all states. Not all Northwestern Mutual representatives are advisors. Only those representatives with the titles "Financial Advisor" or "Wealth Management Advisor" are credentialed as NMWMC representatives to provide advisory services.